Alex Saltzman - Jan 25, 2022 Form 3 Insider Report for Sky Harbour Group Corp (SKYH)

Role
Chief Operating Officer
Signature
/s/ Gerald Adler, Attorney-in-Fact
Stock symbol
SKYH
Transactions as of
Jan 25, 2022
Transactions value $
$0
Form type
3
Date filed
2/4/2022, 05:32 PM
Next filing
Feb 16, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SKYH Incentive Units of Sky Harbour LLC Jan 25, 2022 Class A Common Stock 947K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects Incentive Units of Sky Harbour LLC ("Incentive Units") which are profits interests that are economically similar to stock appreciation rights. Vested Incentive Units are convertible, at the holder's election, into common units of Sky Harbour LLC pursuant to the terms thereof, which then may be tendered for redemption by the Reporting Person for shares of the Issuer's Class A Common Stock on a one-for-one basis, subject to the terms of the Third Amended and Restated Operating Agreement of Sky Harbour LLC. Twenty-five percent of these Incentive Units vest on May 13, 2022 and seventy-five percent of these Incentive Units vest in thirty-six equal monthly installments beginning on May 13, 2022.

Remarks:

Exhibit 24 - Power of Attorney.